This pair had a major pull-back at the beginning of the that retested this daily support level. On the monthly time frame it look as if price is resting a bull flag if price holds at this area we could see a massive move to the up-side to break above the highs. Price is also floating above the 50 EMA on the Weekly time frame and the 200 EEMA on the Daily time...
This pair pulled back to retest resistance, if price rejects in this area the down trend will continue.